Funds › Kahn Brothers › Q2 2023Kahn Brothers 13F holdings, Q2 2023 Kahn Brothers disclosed 43 US equity positions worth $682.1m in its Q2 2023 13F filing. Its largest position is MRK at 11.0% of the reported book, followed by NYCBEUR and BP. Versus Q1 2023 it opened 0 new positions, added to 3, reduced 22 and exited 2.
$682m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
43 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.0% Largest position The largest single position as a share of the reported equity book.
81.8% Top 10 weight The ten largest positions together, as a share of the reported equity book.
13 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
53 Quarters on file since Q2 2013 Quarters for which this manager's 13F holdings are on record. Holdings Against Q1 2023: 0 new , 3 added , 22 reduced , 2 exited
43 rows
Stock Sector Weight Value Shares Δ shares Action MRK MERCK & CO. INC Healthcare 11.0% $74.8m 648,671 −3.4% reduced NYCBEUR NEW YORK CMNTY BANCORP INC – 10.5% $71.4m 6.35m −0.6% reduced BP BP PLC Energy 9.5% $65.0m 1.84m −6.0% reduced BMY BRISTOL-MYERS SQUIBB CO Healthcare 9.0% $61.3m 871,244 −3.3% reduced AGO ASSURED GUARANTY LTD Financial Services 8.5% $58.0m 1.04m −9.2% reduced C CITIGROUP INC Financial Services 8.1% $55.6m 1.21m −0.9% reduced PTEN PATTERSON-UTI ENERGY INC Energy 6.7% $45.9m 3.84m −5.4% reduced GSK PLC no ticker – 6.6% $45.0m 1.26m −1.1% reduced MBI MBIA INC Financial Services 6.1% $41.8m 4.84m +2.2% added PFE PFIZER INC Healthcare 5.7% $39.1m 1.07m +3.5% added VOXXGUSD VOXX INTL CORP – 5.4% $37.2m 2.92m −2.0% reduced SEB SEABOARD CORP DEL Industrials 5.0% $34.0m 9,560 0.0% held HLN HALEON PLC Healthcare 1.6% $10.6m 1.27m −8.0% reduced IDT IDT CORP Communication Services 1.3% $9.1m 353,115 −3.6% reduced BB BLACKBERRY LTD Technology 1.1% $7.8m 1.41m −0.5% held GNE GENIE ENERGY LTD Utilities 0.6% $4.3m 302,064 −2.7% reduced WED WEBSTER FINL CORP – 0.6% $4.0m 106,412 −5.8% reduced HO1 HOLOGIC INC – 0.4% $2.4m 30,035 0.0% held NVS NOVARTIS AG Healthcare 0.3% $2.2m 21,578 0.0% held EXMOC EXXON MOBIL CORP – 0.2% $1.5m 13,955 −2.1% reduced OGN ORGANON & CO Healthcare 0.2% $1.2m 59,798 −3.0% reduced FIRST NATL BK OF ALASKA no ticker – 0.1% $935k 4,770 0.0% held BAC BANK OF AMER CORP Financial Services 0.1% $932k 32,481 −18% reduced TPHS TRINITY PL HLDGS INC Real Estate 0.1% $806k 1.49m 0.0% held CREW ENERGY no ticker – 0.1% $784k 190,780 −33% reduced VRAYQ VIEWRAY INC Healthcare 0.1% $721k 2.05m +26% added VTRS VIATRIS INC Healthcare 0.1% $716k 71,782 −2.5% reduced RFL RAFAEL HLDGS INC Real Estate 0.08% $575k 275,236 −1.5% reduced JP MORGAN CHASE no ticker – 0.08% $549k 3,775 0.0% held CVX CHEVRON CORPORATION Energy 0.07% $511k 3,248 0.0% held VZ VERIZON COMMUNICATIONS INC Communication Services 0.07% $495k 13,335 +0.2% held NAM TAI PPTY INC no ticker – 0.07% $472k 85,890 −0.1% held NAVI NAVIENT CORPORATION Financial Services 0.06% $433k 23,286 0.0% held PEP PEPSICO INC Consumer Defensive 0.05% $352k 1,900 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $289k 1,900 0.0% held ZDGE ZEDGE INC – 0.04% $264k 117,785 −2.4% reduced HOPE HOPE BANCORP INC Financial Services 0.04% $261k 31,000 0.0% held GBCI GLACIER BANCORP INC NEW Financial Services 0.03% $180k 4,320 0.0% held PEYTO EXP & DEV no ticker – 0.02% $148k 17,807 −66% reduced T AT&T INC Communication Services 0.02% $106k 6,635 0.0% held LWAY LIFEWAY FOODS INC Consumer Defensive 0.01% $65.0k 10,000 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.01% $61.3k 1,476 0.0% held IDW MEDIA no ticker – 0.01% $44.2k 68,016 −2.0% reduced
Exited since Q1 2023 2 rows
Stock Prior weight Prior value BRK/B BERKSHIRE HATHAWAY INC DEL 0.1% $959k PFS PROVIDENT FINL SVCS INC 0.08% $527k
Sector mix Healthcare 28.0% Unclassified 24.2% Financial Services 23.0% Energy 16.3% Industrials 5.0% Communication Services 1.4% Technology 1.1% Utilities 0.6% Real Estate 0.2% Consumer Defensive 0.1% Book over time Every quarter on file (53) Where Kahn Brothers was early Concentration and tenure
11.0% Median largest position, all quarters The largest single position as a share of the reported equity book.
78.0% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
9 Median completed holding, quarters